New Zealand: Purchasing Managers Index (PMI), services
* indicates monthly or quarterly data series
The most recent value is 44.59 index points as of July 2024, an increase compared to the previous value of 40.71 index points. Historically, the average for New Zealand from January 2017 to July 2024 is 52.03 index points. The minimum of 26 index points was recorded in April 2020, while the maximum of 61.2 index points was reached in April 2021.
Click on the following link to see the values of: Purchasing Managers Index (PMI), services around the world.
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* indicates monthly or quarterly data series
- Measure: index points
- Source: BusinessNZ
| Recent values | New Zealand: Purchasing Managers Index (PMI), services |
|---|---|
| 2024 Jul | 44.59 |
| 2024 Jun | 40.71 |
| 2024 May | 42.89 |
| 2024 Apr | 46.41 |
| 2024 Mar | 46.88 |
| 2024 Feb | 52.27 |
| 2024 Jan | 51.89 |
| 2023 Dec | 48.85 |
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Definition: The services Purchasing Managers Index (PMI) is an indicator of economic health for the services sector. The purpose of the PMI is to provide information about current business conditions to company decision makers, analysts and purchasing managers. Each country PMI survey for the services sector is based on questionnaire responses that cover the following economic variables: business activity, new business, backlogs of work, prices charged, input prices, employment, expectations for activity.
The services PMI is a number from 0 to 100. A PMI above 50 represents an expansion when compared with the previous month. A PMI reading under 50 represents a contraction, and a reading at 50 indicates no change.
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Industrial production | -6.80 | Q3/2023 | percent |
| Retail sales Y-on-Y | -3.40 | Q3/2023 | percent |
| House price index | 233.77 | Q3/2023 | index points |
| Real residential property prices Y-on-Y change | -9.19 | Q3/2023 | percent |
| Business confidence survey | 1.50 | 9/2023 | points |
| Consumer confidence survey | -19.80 | Q3/2023 | points |
| Purchasing Managers Index (PMI), composite | 48.82 | 9/2023 | index points |
| Purchasing Managers Index (PMI), manufacturing | 45.43 | 9/2023 | index points |
| Purchasing Managers Index (PMI), services | 50.86 | 9/2023 | index points |